Lakemba

Suburb Profile

Lakemba - FREE SUBURB PROFILE REPORT

POSTAL CODE: NSW,2195

house

unit

Based on its average 5-year and quarterly capital gains LAKEMBA, 2195 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that LAKEMBA, 2195 obtained a 9.1% growth over a ten-year period. It ranks 145th on our list of suburbs that property investors should look into.

LAKEMBA, 2195 in NSW belongs to the local government area of Canterbury-Bankstown (A).

LAKEMBA, 2195 has a capital gain of -6.25% for the past year, which is lower than average compared to its 53.71% growth within a five-year period.

With the median home price in LAKEMBA sitting at $900,000, and the average rent at $545, property owners could potentially earn a 3.15% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in LAKEMBA are low, as opposed to average gains per annum over the past five years.

A steady increase in median property prices over a five-year period in LAKEMBA, 2195 translates to a -1.52% capital gain.

LAKEMBA, 2195 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $420,000.

Profits due to an downward trend in home prices in LAKEMBA, 2195 averaged -0.51% per annum over a 3-year period.

Home owners selling their properties and realtors in LAKEMBA usually have to wait an average of 69.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $380 mark, reflecting a 4.7% increase in returns based on the current median price in LAKEMBA.

LAKEMBA, 2195 places 323rd in Australia based on median property value growth during the quarter.